Prices in India Advance to 15-Month High, Adding Pressure on Policy Makers India’s inflation accelerated to a
15-month high in January, adding pressure on policy makers to
withdraw more fiscal and monetary stimulus.
Bharti Offers $10.7 Billion for Zain Africa Assets in Emerging Market Push Bharti Airtel Ltd., South Asia’s
biggest mobile-phone company, offered $10.7 billion to buy most
of Zain’s African assets, a deal that would create one of the
largest emerging-markets wireless carriers.
Tata Appoints Former GM Europe Head Carl-Peter Forster as Chief Executive Tata Motors Ltd. hired Carl-Peter
Forster, the former Europe head of General Motors Co., as the
chief executive officer to help the Indian truckmaker manage its
global operations after purchasing Jaguar Land Rover.
Zain Nigeria Unit `Not for Sale' to Bharti Airtel, Econet's Masiyiwa Says Bharti Airtel Ltd.’s planned $10.7
billion acquisition of Zain’s African assets must exclude the
Kuwait-based company’s Nigerian unit until an ownership dispute
with Econet Wireless Holdings Ltd. over the Nigerian business is
resolved, Econet’s Chief Executive Officer Strive Masiyiwa said.
Religare Asset to Add Employees, Branches to Tap Economic Growth in India Religare Asset Management Co., an
Indian mutual fund with about 155 billion rupees ($3.3 billion)
under management, plans to boost its employees by 36 percent to
benefit from rising incomes in the South Asian nation.
Sensex Drops as India's Inflation Accelerates at Fastest Pace in 15 Months India’s benchmark stock index
declined after inflation accelerated at the fastest pace in 15
months, putting pressure on the government to withdraw fiscal
and monetary stimulus.
Oil Ministry Seeks Monthly Fuel Price Changes to Help India State Refiners India’s oil ministry recommended
that auto fuel prices be freed from government control and
revised monthly to reduce losses at state-owned refiners
including Indian Oil Corp.
India's 10-Year Bonds Prices Decline for a Fifth Day as Inflation Quickens India’s 10-year bonds declined for a
fifth day as investors trimmed holdings on concern quickening
inflation will erode the value of the debt’s returns.
India to Buy 24 Million Tons of Wheat from Farmers, Press Trust Reports India’s government plans to buy 24
million metric tons of wheat from farmers in the marketing year
starting April 1, the Press Trust of India reported, citing a
government official it didn’t identify.
Greece Told to Work Harder on Deficit Cuts as EU Seeks Disclosure on Swaps The European Union’s top economics
official said Greece should take more measures to cut the
region’s largest budget deficit as evidence emerged that the
nation may have used swaps to mask its swelling debt.
Deutsche Bank Said to Defer Greater Share of Bonuses Amid Pay Controversy Deutsche Bank AG, Germany’s biggest
bank, introduced a sliding scale forcing top bankers to defer a
bigger proportion of their bonuses, said two people with direct
knowledge of the plan.
Stocks in Europe Rise on World Economic Outlook; Greece Concern Hurts Euro European stocks rose, extending the
Dow Jones Stoxx 600 Index’s first weekly advance in a month, as
mining companies climbed and earnings at Air Liquide SA beat
estimates.
Greek Bailout Would Deal a `Major Blow' to Euro's Credibility, Issing Says Former European Central Bank Chief
Economist Otmar Issing said bailing out Greece would deal a
“major blow” to the euro’s credibility.
U.K. Mortgage Issuers Face $500 Billion Bond-Refinancing Gap, Moody's Says British banks will struggle to
refinance 319 billion pounds ($500 billion) of bonds backed by
home loans as the government prepares to withdraw two aid
programs, Moody’s Investors Service said.
Babcock International's $1.79 Billion Offer to Purchase VT Group Rejected Babcock International Group Plc,
which maintains Britain’s submarine fleet, offered 1.14 billion
pounds ($1.7 billion) for VT Group Plc, a move that may prevent
the smaller defense company combining with a rival.
Tata Appoints Former GM Europe Head Carl-Peter Forster as Chief Executive Tata Motors Ltd. hired Carl-Peter
Forster, the former Europe head of General Motors Co., as the
chief executive officer to help the Indian truckmaker manage its
global operations after purchasing Jaguar Land Rover.
source: Bloomberg
